Nitaq Real Estate—a subsidiary of Nujoom Al-Salam— – has begun selling owner-occupied apartments in the Al-Qusur project in Al-Rawabi neighborhood. There, Nujum Al-Salam for Investment and Real Estate Development has constructed more than 6 residential buildings comprising 95 owner-occupied apartments. The first phase of the project has been completed, and the remainder of the project is expected to be completed in the coming months, God willing. The “Al-Qusur 1” phase has been completed, and more than four apartments were quickly reserved by prospective buyers in eastern Riyadh.
The project’s location is easily accessible and stands out for its proximity to major roads in Riyadh (Khurais Road, the Eastern Ring Road, Imam Al-Shafi’i Road, Ahmad bin Hanbal, and Saad bin Abdulrahman “Exit 15”), as well as its proximity to government services such as public and private schools, Prince Muhammad bin Abdulaziz Hospital, and major shopping centers. The project also features six buildings of varying shapes and sizes, with apartment sizes ranging from 100 to 300 square meters.
The new residential units prioritize privacy in their interior layouts, as well as the quality of finishes, infrastructure, and exterior design, all in line with modern architectural styles and new designs, while ensuring structural integrity and providing guarantees for plumbing and electrical systems.
Dr. Jarallah bin Abdullah Al-Adib, Chairman of the Board of Directors of Najoum Al-Salam Real Estate Investment Company—the project’s owner and developer—stated that, based on a study of real estate market demands, the region’s shortage of owner-occupied apartments, and the need for such high-end residential projects in the area, the company decided to build these apartments to serve residents, given their prime location, excellent amenities, and the availability of all the comforts customers require. This project complies with the requirements of the Ministry of Housing and the stipulations of the Real Estate Fund.
Dr. Jarallah Al-Adib
For his part, Nasser bin Qash’an Al-Qahtani, CEO of Nitaq Real Estate—the project’s exclusive marketer—stated that the project has served the area by providing 95 owner-occupied apartments following an economic feasibility study conducted by a specialized team at Nitaq Real Estate, which identified the urgent need toownership apartments to meet all customer needs, including schools, hospitals, shopping centers, and parks. Furthermore, Al-Rawabi is considered one of the upscale neighborhoods in eastern
Riyadh.
Nitaq Real Estate is considered one of the leading real estate service companies in the Kingdom and the Arabian Gulf. It recently marketed real estate developments and held auctions in Riyadh, such as the Nujum Al-Salam project for truck and heavy equipment exhibitions, and work is currently underway on the Nujum in Al-Zulfi on the third day of Eid, God willing.
It has also marketed developments such as the Rabwah Al-Andalus Project, the Durrat Al-Rawabi Project, and the Najma Al-Aziziyah Project, and has leased out numerous commercial real estate projects.
